Signature TowerEdit profile
Signature Tower is a projected mixed-use skyscraper which has been approved for construction in Nashville, Tennessee, United States. Groundbreaking was originally scheduled for 2007, but has been delayed. When completed, it will contain condominiums, office space, a Kimpton-brand Hotel Palomar Nashville, and retail space. The building was originally planned to have 70 stories and stand 1,030 feet (314 m) in height. That would have made it the tallest building in the South and the tallest building in the US outside of New York City and Chicago, surpassing Bank of America Plaza in Atlanta, Georgia by 7 feet (2 m). However, in December 2008, developer Tony Giarratana announced that the project would be downsized, due to the economic recession. Giarratana stated that the number of condos would be reduced from around 600 to under 100, but the average condo size would more than double from an average of 1,500 square feet (140 m 2) to 3,500 sq ft (330 m 2). The height of the revised Signature Tower is 807 feet (246 m) and 50 stories tall. The Signature Tower is being developed by Giarratana LLC at an estimated cost of US$250 to 370 million. The building's physical address will be 505 Church Street, located on the southwest corner of Church and Fifth Avenue North, which was for many years the location of a Cain-Sloan department store. Giarratana announced on July 18, 2006 that it had slated Turner Construction Co. of New York to complete the project. Construction of the building was slated to begin once half of the 400 residential apartment units had been sold. As of late December 2007, 102 of the 400 units had been presold. When the plan was overhauled in December 2008, this timetable was revoked. No new estimate for construction has been announced. The Federal Aviation Administration filed a notice on October 25, 2007 stating that the proposed design was too tall and would pose a hazard to aircraft. The agency recommended that the tower not exceed 433 ft (132 m), or less than half its proposed height. Giarratana stated that no design changes were planned, and the Metro Nashville Airport Authority lent its support to the construction project, saying they would look into ways to alter flight patterns. When this proposed design was nixed in December 2008, the developer indicated that the new design would be smaller. However, it is unknown if it will meet the FAA recommendations or not. As of December 2009, the official website for the Signature Tower is no longer in operation.